Sintana Energy Inc SEUSF

Primary Symbol: V.SEI

Energy Oil & Gas E&P

Sintana Energy Inc. is a crude oil and natural gas (hydrocarbons) exploration and development company. The Company is engaged in petroleum and natural gas exploration and development activities on five highly prospective, onshore and offshore petroleum exploration licenses in Namibia, and in Colombia’s Magdalena Basin. The Company holds an indirect interest in the petroleum exploration license (PEL) 79 (Blocks 2815/2915) which is located in the northern Orange sub-basin off the south-west coast of Namibia. It also holds a portfolio of offshore petroleum exploration licenses (each a PEL), including a 15% limited carried interest in PEL 87; 10% limited carried interests in each of PELs 82 and 83, and a 10% limited carried interest in PEL 90. The Company also holds private participation interests of 25% unconventional (carried) and 100% conventional in the potential hydrocarbon resources of the 43,158 acres Valle Medio Magdalena 37 (VMM-37) Block in Colombia.

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Sintana Energy Inc > Bose Update…

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Comment by hikarion Oct 03, 2024 2:46am

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Post# 36251095

RE:RE:RE:RE:RE:RE:RE:Bose Update…

as a team Petrobras and Total should have more financial firepower for a takeover scenario of at least one of Sintana`s Orange Basin assets.

SAO PAULO, Oct 1 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab announced on Tuesday that its board gave a green light to acquire a 10% stake in the offshore Deep Western Orange Basin (DWOB) oil block in South Africa, according to a securities filing.
The purchase of the stake in the deep water field followed a competitive process held by French oil major Total (TTEF.PA), opens new tab, which operates the project and will retain a 40% stake in the block.

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